M&T Bank Corp Makes New $259,000 Investment in Seaboard Corporation (NYSEAMERICAN:SEB)

M&T Bank Corp acquired a new position in Seaboard Corporation (NYSEAMERICAN:SEB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 96 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors have also recently made changes to their positions in the company. VELA Investment Management LLC lifted its holdings in Seaboard by 1.2% during the 1st quarter. VELA Investment Management LLC now owns 965 shares of the company’s stock valued at $2,603,000 after buying an additional 11 shares in the last quarter. Bfsg LLC lifted its holdings in Seaboard by 8.5% during the 1st quarter. Bfsg LLC now owns 77 shares of the company’s stock valued at $208,000 after buying an additional 6 shares in the last quarter. Wedmont Private Capital lifted its holdings in Seaboard by 59.1% during the 1st quarter. Wedmont Private Capital now owns 202 shares of the company’s stock valued at $513,000 after buying an additional 75 shares in the last quarter. Rhumbline Advisers lifted its holdings in Seaboard by 1.3% during the 1st quarter. Rhumbline Advisers now owns 943 shares of the company’s stock valued at $2,543,000 after buying an additional 12 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Seaboard by 38.0% during the 1st quarter. Parallel Advisors LLC now owns 98 shares of the company’s stock valued at $264,000 after buying an additional 27 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Trading Down 0.6%

NYSEAMERICAN SEB opened at $3,062.57 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.52 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.97 billion, a PE ratio of 30.35 and a beta of 0.15. The company has a 50 day moving average price of $2,781.82 and a 200 day moving average price of $2,649.38. Seaboard Corporation has a 52 week low of $2,365.00 and a 52 week high of $3,300.00.

Seaboard announced that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard’s dividend payout ratio (DPR) is currently 9.93%.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.